November 2008 home sale statistics for Spanish Fort, Daphne and Fairhope ALabama
By Janet English, Market expert in Daphne, Spanish Fort, Fairhope
(RE/MAX By The Bay, Daphne Alabama)
November 2008 home sale statistics for Spanish Fort, Daphne and Fairhope, Alabama Home sales in November, 2008, dropped to 47 houses sold in Spanish Fort, Daphne, Fairhope and Point Clear. This follows the home sales peak of 135 sales in July, then a decline to 84 in August, 71 in September, and 53 in October. Pending sales have risen slightly to 98 homes under contract, compared with only 87 under contract in October. Inventory continues to decrease slightly to 1,157 homes for sale on the Eastern Shore as of Dec. 3. As we all know, there are few bright spots in the economy these days. A big however is that mortgage interest rates have fallen, hovering around 5.25 percent. Let's hope that word spreads. Here are the stats for the Eastern Shore in November: Total houses for sale: 1,157 ...
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